Amazon to buy MGM movie studio: Amazon.com Inc remains in speak with acquire the renowned United States movie studio MGM, The Info reported on Monday, pointing out a person aware of the matter.
The condition of Amazon.com’s discussions with MGM is uncertain as well as it is feasible no-deal may result, the report said, however, Selection has reported that Amazon.com has supposedly provided $9 billion for the company.
The animation studio behind the James Bond franchise additionally owns the Epix cable television channel as well as makes TV shows, consisting of prominent shows like The Handmaid’s Tale, Fargo, Vikings, and also Shark Tank.
Amazon.com decreased to talk about the report, stating it “doesn’t talk about rumors or conjecture”.
In December, Reuters reported that the movie studio was exploring a sale and had actually touched investment banks Morgan Stanley and LionTree LLC as well as began an official sale process.